Horse Cave Development Corporation: FY2021 Nonprofit Profile & Form 990 (EIN 20-3758039)

Revenue by fiscal year
FY2021	$6K
FY2022	$115K

Expenses by fiscal year
FY2021	$6K
FY2022	$42K

Net assets by fiscal year
FY2021	−$72K
FY2022	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $6K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Billy Andrews

Director

$0Pt VII · Sec A

David Despain

Director

$0Pt VII · Sec A

David Houk

Vice Preside

$0Pt VII · Sec A

Gerald Matera

Secretary

$0Pt VII · Sec A

Kenneth Russell

President

$0Pt VII · Sec A

David Shadburne

Director

$0Pt VII · Sec A

Sandra Wilson

Treasurer

$0Pt VII · Sec A

See Horse Cave Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo
Loans to or from officersSch L · Pt II7 listed

Programs and updates

Revitalizes and develops historical and commercial areas of Horse Cave, Kentucky.

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Provided by the organization

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1 program · $6K · in their own filed words · FY2020

01

Revitalization and development of historical and commerical areas of horse

$6Kprogram expense

By the numbers

The FY2021 990, line by line.

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1The main four

Money inPt VIII

$6K

Ln 12

Fees for servicesLn 2g$6K

Money outPt IX

$6K

Ln 25

Programscol B$6K

Owns and owesPt X

−$72K

net assets · Ln 32

Cash and savingsLn 1–2$5K

Total assetsLn 16$80K

LiabilitiesLn 26$152K

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$6K

Total revenueLn 12$6K

Assets in detailPt X, end of year

CashLn 1$5K

Cash and savings togetherLn 1–2$5K

Land, buildings, equipmentLn 10c$75K

Total assetsLn 16$80K

LiabilitiesLn 26$152K

Net assetsLn 32−$72K

OperationsPt I, VI

EmployeesI 50

VolunteersI 67

Fiscal year endsHeaderAugust

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$4K	$5K
Land, buildings, equipmentLn 10c	$77K	$75K
Total assetsLn 16	$81K	$80K
LiabilitiesLn 26	$153K	$152K
Net assetsLn 32	−$72K	−$72K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
OccupancyLn 16	$2K	$2K
InterestLn 20	$2K	$2K
Other expenses (24a–d)Ln 24	$2K	$2K
Total functional expensesLn 25	$6K	$6K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest	$115K	$42K	$72K	$0	990 PDF
FY2021 Viewing	$6K	$6K	−$189	−$72K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $6,000 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $7,800$6,000

I-10 Investment incomePrior year −$4,854$0

I-11 Other revenue$0

I-12 Total revenuePrior year $2,946$6,000

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $9,986$6,189

I-18 Total expensesPrior year $9,986$6,189

I-19 Revenue less expensesPrior year −$7,040−$189

Part VI · Governance 0 of 7 board members independent, 4 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members0

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $6,000 across 2 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,000$6,000

VIII-12 Total revenueRelated to mission $6,000$6,000

Part IX · Statement of functional expenses $6,189 across 3 lines filed

IX-16 OccupancyPrograms $1,690$1,690

IX-20 InterestPrograms $2,407$2,407

IX-24 Other expenses (24a–d)Programs $2,092$2,092

IX-25 Total functional expensesPrograms $6,189 · Management $0 · Fundraising $0$6,189

Part X · Balance sheet $79,602 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $3,959$4,817

X-10c Land, buildings and equipment, netStart of year $76,862$74,785

X-16 Total assetsStart of year $80,821$79,602

X-26 Total liabilitiesStart of year $152,889$151,859

X-32 Total net assets or fund balancesStart of year −$72,068−$72,257

X-33 Total liabilities and net assetsStart of year $80,821$79,602

Part XI · Reconciliation of net assets −$72,257 net assets at year end

XI-1 Total revenue$6,000

XI-2 Total expenses$6,189

XI-3 Revenue less expenses−$189

XI-4 Net assets at start of year−$72,068

XI-10 Net assets at end of year−$72,257

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Horse Cave Development Corporation FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Horse Cave Development Corporation

By the numbers

Filing history

Schedules filed Part IV